DekaBank Deutsche Girozentrale Trims Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

DekaBank Deutsche Girozentrale decreased its position in Williams-Sonoma, Inc. (NYSE:WSM) by 17.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,344 shares of the specialty retailer’s stock after selling 4,217 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Williams-Sonoma were worth $3,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in Williams-Sonoma in the 2nd quarter worth $26,000. Crewe Advisors LLC purchased a new position in shares of Williams-Sonoma during the 2nd quarter valued at about $29,000. EntryPoint Capital LLC raised its stake in shares of Williams-Sonoma by 520.0% during the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Clean Yield Group purchased a new position in shares of Williams-Sonoma during the 3rd quarter valued at about $30,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Williams-Sonoma during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays reduced their price objective on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Wedbush lowered Williams-Sonoma from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $150.00 to $135.00 in a research note on Wednesday. Evercore ISI dropped their target price on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. Telsey Advisory Group restated an “outperform” rating and set a $165.00 target price on shares of Williams-Sonoma in a research report on Friday, October 11th. Finally, Jefferies Financial Group upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and raised their target price for the company from $148.00 to $156.00 in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $139.83.

Williams-Sonoma Stock Performance

WSM stock opened at $132.28 on Friday. The firm has a market cap of $16.71 billion, a PE ratio of 15.89, a PEG ratio of 2.60 and a beta of 1.74. Williams-Sonoma, Inc. has a one year low of $71.92 and a one year high of $174.26. The firm’s 50 day moving average price is $141.64 and its 200-day moving average price is $145.18.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 earnings per share. Equities research analysts predict that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Friday, October 18th. Williams-Sonoma’s payout ratio is 27.39%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total value of $1,494,726.00. Following the sale, the executive vice president now owns 15,150 shares of the company’s stock, valued at $2,040,099. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $145.27, for a total value of $5,810,800.00. Following the completion of the transaction, the chief executive officer now owns 1,030,956 shares in the company, valued at $149,766,978.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the completion of the transaction, the executive vice president now owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Williams-Sonoma Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.